Failure in a Keynesian World
Presented by Douglas E. French at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.
Presented by Douglas E. French at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.
Presented by David Gordon at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.
Presented by Thomas E. Woods, Jr. at “The Failure of the Keynesian State,” the Mises Circle in Houston, sponsored by Jeremy S. Davis.
Therefore, whether it is disproportionally hurting African-American teen workers with minimum-wage laws or further endangering already-endangered species, the state is no match for market mechanisms. It remains a slave to unforeseen consequences.
The net profit of reform is the accumulation of State power; the net loss is borne by Society.
That a functioning market presupposes not only prevention of violence and fraud but the protection of certain rights, such as property, and the enforcement of contracts, is always taken for granted.
Victims of micro-level Ponzi schemes are only greedy; they don't infringe upon others' freedom. The same can't be said of those who demand that we all participate in these macro-level Ponzi schemes.
Haiti's government and other governments need to get out of the way and not make a market-based recovery process more difficult than it has to be.
The total state claims the right to see you naked. A freer people would demand an end to such nonsense and the policies that perpetuate it.
"The Austrian School is the most humane form of economics we know, and the most philosophically informed — hence we regard it as the most relevant to humanistic studies."